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Functional Flours Market By Source (Cereals And Legumes), By Application (Bakery, Soups And Sauces, R.T.E Products), By Type (Pre-cooked Flour, Speciality Flour) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecast 2023-2028

Published: March, 2023
ID: 7039
Pages: 175
Formats: report pdf report excel report power bi report ppt

Functional Flours Market Size, Share, Growth (2023-2028)

 Functional Flours Market was worth US$ 81.96 billion in 2023 to of US$ 119.44 billion by 2028 and is predicted to register a CAGR of 7.82 % during 2023-2028

Functional Flours Market Scenario:

Hydro-thermally treated specialty flours are referred to as functional flours or HT flours. Wheat flour, maize flour, coconut flour, and others derived mostly from grains and legumes are among them. They've been treated to provide nutrient value and provide health advantages when consumed. As a result, the utilization of these flours in the food and pharmaceutical industries has expanded dramatically.As consumers become more health concerned as a result of the prevalence of allergic intolerances and chronic diseases in practically all nations, the use of functional flours as a functional food has increased. Because functional flours like coconut flour, maize flour, and wheat flour are full of nutrients and fiber, they're commonly utilized in baking and confectionery.

Furthermore, the market for functional flours is growing due to an increase in spending on ready-to-eat bakery foods. Because of their swelling capacity, emulsifying capabilities, and gelatinization, they are widely employed in the food processing sector to make sauces and soups. The use of these flours in the production process allows for a clean label, which aids in product sales due to the growing desire for healthy foods. However, the market's expansion is hampered by unpredictable raw material prices and the effects of uncertain meteorological conditions on raw materials. Manufacturing organic and gluten-free flours from plant-based sources, on the other hand, can help the functional flours market grow in response to customer demand for healthier products. Manufacturers may see this as a chance to broaden their customer base.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2023–2028

Base Year

2022

Forecast Period

2023-2028

CAGR

7.82%

Segments Covered

By Source, By Application, By Type, and By Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East and Africa

Market Leaders Profiled

Archer Daniels Midland Company, Bunge Limited, Associated British Foods plc, General Mills, Inc., The Scoular Company, AGRANA Beteiligungs-AG, The Hain Celestial Group, Inc., SunOpta, Inc., and Parrish and Heimbecker, Limited

Functional Flours Market Growth:

The global Functional Flours Market is being driven by rising health consciousness and increased use of ready-to-eat foods. These are expected to drive the functional flours market growth.

Functional Flours Market Drivers:

Increased demand for nutrient-dense foods is expected to drive market expansion, owing to people's hectic lifestyles and growing knowledge of the health advantages of certain foods. Consumer interest in nutrition and health has risen as a result, the increasing demand for functional foods. Obesity is becoming more common in industrialized countries around the world, thus customers are looking for foods with functional ingredients to help them manage their weight and prevent ailments including obesity, diabetes, and cardiovascular disease. The prevalence of such health issues has been attributed to busy lives and rising stress levels. People tend to eat three to four times per day on average. People's health has suffered as a result of this.As people become more mindful of their eating patterns, they are eating smaller meals throughout the day. These considerations have boosted the popularity of nutritious foods and the use of nutritional biscuits, snacks, and energy or protein bars to replace meals. Also, due to their need for regular meals, youngsters are increasingly turning to on-the-go snacking, whilst adults enjoy them due to their hectic schedules. Other reasons boosting market expansion include rising disposable income, the convenience of carrying, and rising health concerns. These factors are anticipated to propel the global Functional Flours Market growth.

Functional Flours Market Restraints:

The market's expansion is hampered by unpredictable raw material prices and the effects of uncertain meteorological conditions on raw materials. These are holding back the Functional Flours Market growth.

Recent Developments in the Global Functional Flours Market:

  • In October 2021, Cargill introduced a maltodextrin replacement made from rice flour. Cargill's new soluble SimPure rice flour is a clean-label alternative to maltodextrin in terms of taste, texture, and functioning.

  • In July 2021, Ulrick & Short has introduced a functional flour designed to improve viscosity, texture, and structure in gluten-free baked products. The Fazenda Nutrigel component is a new addition to the company's functional flour line, which was debuted in 2020. The component works as a viscosity regulator in baking applications, and it was designed to boost dampness, suppleness, and structure in a variety of foods.

  • In June 2021, to address Europe's poor dietary fiber intake, Limagrain Ingredients introduced "LifyWheat" flour, fiber-rich wheat. White wheat flour has ten times the fiber content of regular wheat flour and contains resistant starch.

Functional Flours Market Segmentation: 

By Source:

  • Cereals

  • Legumes

The Functional Flours Market has been divided by source into, cereals and legumes. The one which took the larger Functional Flours Market share was the cereal flours. This dominance was observed because of its great demand in the processed and bakery food industry. It is because of these reasons that we see flour sourced from cereals taking the bigger Functional Flours Market share. Flour sourced from legume is expected to grow at a rapid rate as it is crucial in processed food products which are gluten-free.

By Application:

  • Bakery

  • Savoury Snacks

  • Soups and Sauces

  • Ready to Eat Products

  • Others

The Functional Flours Market has been divided by application into, Bakery, Savoury Snacks, Soups and Sauces, Ready to Eat Products and Others. In this segment, the one which had the larger Functional Flours Market share in terms of application was the Ready to Eat products as modern-day consumers prefer convenient food on the go owing to stressful living conditions and improving disposable income. It is because of these reasons that we see the ready-to-eat products taking the bigger Functional Flours Market share when segmented by application. This is the Functional Flours Market trends we see with regards to the application.

Functional Flours Market Regional Analysis: 

The Global Functional Flours Market Report includes the segmentation of Regions:

  • North America
  1. The U.S.

  2. Canada

  3. Mexico

Functional flour is becoming increasingly popular due to its cost savings, nutritive value, thickening, texture, and flavor increases. The key reasons propelling the market, however, are the gluten-free and clean label trends. With a high knowledge of product efficiency and a need for luxury items, North America leads the industry. The market for functional food products has been expanding in the United States, according to new trends in functional bars. In the United States, the supplementation of granola/ muesli bars and packaged foods with omega-3 fatty acids, calcium, fiber, and other nutrients has become popular. The market is being driven by a rise in the use of nutritive convenience and fortified breakfast cereals, as well as improved health awareness. Consumers in the country are embracing preventive healthcare measures, such as eating nutritious food, as the country's health care expenditure trend grows by the day. This aspect is also driving the country's overall sales. The expanding influence of western society, on the other hand, has increased the demand for high protein and nutrition diets. During the evaluation period, these figures are predicted to increase at a steady rate, in the North American market., the Functional Flours Market growth is expected to grow at a steady 7.8% during the forecasted period

  • Europe
  1. The U.K.

  2. France

  3. Germany

  4. Netherlands

  5. Russia

  6. Italy

Following the North American region and having the second-largest Functional Flours Market size, the European region holds this position as the consumers in Europe are having a high awareness as to what they consume and they read labels before purchasing. Also the rules and regulations of the EU union require the manufacturers to label with full certainty and stringent rules are followed. Asia Pacific

  1. India

  2. China

  3. Japan

Due to an increase the consumer awareness, the growth in the population and the rising disposable income in the emerging economies across the Asia Pacific region is expected to see the fastest Functional Flours Market growth.

Functional Flours Market Key Players:

  1. Cargill Incorporated

  2. SunOpta Limited

  3. Archer Daniels Midland Company

  4. Bunge Limited

  5. The Scoular Company

  6. Unicorn Grain Specialties

  7. Parrish and Heimbecker Ltd

  8. ITC Limited

  9. Associated British Foods plc

  10. ConAgra Foods, Inc

 

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